Grainger (LON:GRI) Stock Keeps Buy Rating at Jefferies Financial Group

Grainger (LON:GRI)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued on Thursday, October 15th, Digital Look reports. They presently have a GBX 200 price target on the stock. Jefferies Financial Group‘s price target would suggest a potential upside of 11.42% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 220.80.

Grainger Price Performance

Shares of Grainger stock traded up GBX 0.20 during mid-day trading on Thursday, reaching GBX 179.50. 900,107 shares of the stock traded hands, compared to its average volume of 11,107,925. The business has a 50-day moving average of GBX 169.54 and a 200 day moving average of GBX 167.77. Grainger has a fifty-two week low of GBX 149.44 and a fifty-two week high of GBX 202.79. The stock has a market capitalization of £1.33 billion, a PE ratio of 10.14, a PEG ratio of 1.51 and a beta of 0.78. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.